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Politic ways
Russian History - The Difference Between Capitalism, Socialism & Communism
Question | Answer |
---|---|
Capitalism | In a capitalist society the individual owns land including offices factories etc. By owning land there is potential for the fewer individuals to earn a lot of money. Gap between rich and poor. Control trade. Own most of natural resources. |
Socialism | In a socialist society the state owns the land + money and shares it out among the general population. In theory it would benefit everyone. |
Communism | There is no state or government. The people share everything. Is very similar to socialism. |